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  1. #1
    Council
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    How much do LFS stores make?

    I have someone I know that owns a small petstore, mostly freshwater stuff and some saltwater stuff.

    His petstore kind of small and his livestock isn't the best. Moreso, his location isn't the best location either but it's cheap monthly rent.

    However, I was kind of shock that he says that he makes over $200000 a year. It seems kind of odd considering he doesn't even want spend a $400 on a couple of MH's for his prop tank. There is no corals in there right now but he has waited about 2 months so far to invest in some lights. It seems kind of odd though.

  2. #2
    Moderator schrocat's Avatar
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    Perhaps he meant he takes in 200k before expenses.
    "One man's vulgarity is another man's lyric"
    -Justice John Marshall Harlan

    "Send Lawyers, Guns and Money."
    -WZ

  3. #3
    Moderator SPasse's Avatar
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    Smile

    Hi All,

    I was considering starting a Reef Store myself, on several occasions.

    As part of this “discovery” process, I was able to look at the books of some possible candidates.

    What I saw was pretty discouraging. I am not saying that it is impossible to make “good” money by owning a LFS, but I am betting that the majority of these stores are fairly “marginal” propositions.

    Regards,

    Scott
    Founding Member – Rocky Mountain Reef Club

    You can see my former reeftank at http://www.sdpasse.net

  4. #4
    Mayor
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    I would think the money would be in leasing and maintenance along with running a store.

    Hope everyone is doing great!

    SHOG
    Last edited by SomeHairyOldGuy; 06-01-2003 at 09:23 AM.
    BOOMER SOONER!!!!

  5. #5
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    Originally posted by schrocat
    Perhaps he meant he takes in 200k before expenses.
    I think you are right. Looks like pretty tough business these days.

  6. #6
    Moderator SPasse's Avatar
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    SHOG,

    “I would think the money would be in leasing and maintenance along with running a store.”

    Yes, there is money to be made in this end of the business.

    I know of one store in the Denver area where the storefront is mainly just a “tool” to increase the maintenance part of the operation.

    Purchase, Setup & Maintenance of “trophy” tanks in “trophy” houses is where the money is but I could never make peace with the concept of “living furniture”

    Regards,

    Scott
    Founding Member – Rocky Mountain Reef Club

    You can see my former reeftank at http://www.sdpasse.net


 

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